Big Cake Lunch Analysis $BTC
The morning market was sideways and there was no big market. From the morning analysis, today's analysis was completely in line with the expected trend. It slowly pulled back from above 65,000 in the morning to around 64,800, and then raised to today's new high of 65,433.
In the morning, it was only a breath away for Big Cake to break through the 66,000 mark today. From the 4-hour and daily lines, it is still in a continuous positive state. From the technical structure, at the daily level, the price rushed up and pulled back without touching the middle track. At present, it has formed a continuous positive recovery. The long energy column has shrunk and has not released too much short space. It is in line with the trend we have repeatedly emphasized that the long pullback repairs the upward trend. The moving average also shows signs of turning up, so I won’t explain too much about the trend.
It is reported that Bitcoin broke through $65,000 for the first time in four weeks before the expiration of options contracts worth more than $5.8 billion on Friday. The expiration of options may lead to increased volatility in the cryptocurrency market. The price is expected to break through the $66,000 mark in the near future.
Operation suggestion: Look around 64,800-65,300, and look around 65,800-66,200
